Aker BioMarine AS

OB:AKBM Stock Report

Market Cap: NOK 4.3b

Aker BioMarine Valuation

Is AKBM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AKBM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AKBM (NOK48.65) is trading below our estimate of fair value (NOK178.07)

Significantly Below Fair Value: AKBM is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AKBM?

Key metric: As AKBM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AKBM. This is calculated by dividing AKBM's market cap by their current earnings.
What is AKBM's PE Ratio?
PE Ratio147x
EarningsUS$2.60m
Market CapUS$382.27m

Price to Earnings Ratio vs Peers

How does AKBM's PE Ratio compare to its peers?

The above table shows the PE ratio for AKBM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average48.2x
KLDVK Kaldvik
109.4x96.6%NOK 3.4b
MAS Måsøval
7.5x14.8%NOK 3.5b
AFISH Arctic Fish Holding
64.8x94.4%NOK 2.1b
AUSS Austevoll Seafood
11x15.1%NOK 19.1b
AKBM Aker BioMarine
147x101.5%NOK 4.3b

Price-To-Earnings vs Peers: AKBM is expensive based on its Price-To-Earnings Ratio (147x) compared to the peer average (48.2x).

Price to Earnings Ratio vs Industry

How does AKBM's PE Ratio compare vs other companies in the European Food Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AKBM 147.0xIndustry Avg. 13.5xNo. of Companies18PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AKBM is expensive based on its Price-To-Earnings Ratio (147x) compared to the European Food industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

What is AKBM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AKBM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio147x
Fair PE Ratio62.3x

Price-To-Earnings vs Fair Ratio: AKBM is expensive based on its Price-To-Earnings Ratio (147x) compared to the estimated Fair Price-To-Earnings Ratio (62.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AKBM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 48.65
NOK 59.85
+23.0%
16.8%NOK 69.91NOK 49.78n/a2
Nov ’25NOK 47.90
NOK 60.11
+25.5%
16.5%NOK 70.05NOK 50.17n/a2
Oct ’25NOK 48.20
NOK 82.77
+71.7%
11.8%NOK 92.51NOK 73.03n/a2
Sep ’25NOK 104.00
NOK 106.67
+2.6%
12.4%NOK 119.94NOK 93.40n/a2
Aug ’25NOK 95.90
NOK 93.47
-2.5%
3.8%NOK 97.02NOK 89.92n/a2
Jul ’25NOK 85.40
NOK 79.07
-7.4%
14.0%NOK 90.17NOK 67.97n/a2
Jun ’25NOK 78.50
NOK 75.83
-3.4%
11.9%NOK 84.85NOK 66.82n/a2
May ’25NOK 70.20
NOK 73.08
+4.1%
3.2%NOK 75.43NOK 70.72n/a2
Apr ’25NOK 64.00
NOK 55.44
-13.4%
8.3%NOK 60.01NOK 50.86n/a2
Mar ’25NOK 54.00
NOK 54.85
+1.6%
9.3%NOK 59.95NOK 49.76n/a2
Feb ’25NOK 45.00
NOK 43.49
-3.4%
3.6%NOK 45.06NOK 41.93n/a2
Jan ’25NOK 46.00
NOK 42.98
-6.6%
4.9%NOK 45.09NOK 40.88n/a2
Dec ’24NOK 40.75
NOK 43.97
+7.9%
2.4%NOK 45.00NOK 42.93n/a2
Nov ’24NOK 39.25
NOK 44.95
+14.5%
0.2%NOK 45.06NOK 44.84NOK 47.902
Oct ’24NOK 39.30
NOK 45.07
+14.7%
0.1%NOK 45.13NOK 45.01NOK 48.202
Sep ’24NOK 45.55
NOK 45.07
-1.1%
0.1%NOK 45.13NOK 45.01NOK 104.002
Aug ’24NOK 41.85
NOK 45.07
+7.7%
0.1%NOK 45.13NOK 45.01NOK 95.902
Jul ’24NOK 34.05
NOK 47.44
+39.3%
5.5%NOK 50.04NOK 44.83NOK 85.402
Jun ’24NOK 35.30
NOK 47.36
+34.2%
5.0%NOK 49.75NOK 44.97NOK 78.502
May ’24NOK 39.95
NOK 44.90
+12.4%
15.3%NOK 51.79NOK 38.02NOK 70.202
Apr ’24NOK 38.85
NOK 43.50
+12.0%
17.1%NOK 50.95NOK 36.04NOK 64.002
Mar ’24NOK 38.80
NOK 42.99
+10.8%
16.3%NOK 50.01NOK 35.98NOK 54.002
Feb ’24NOK 36.00
NOK 45.22
+25.6%
16.0%NOK 52.44NOK 38.00NOK 45.002
Jan ’24NOK 38.05
NOK 47.86
+25.8%
15.8%NOK 55.44NOK 40.28NOK 46.002
Dec ’23NOK 37.30
NOK 47.86
+28.3%
15.8%NOK 55.44NOK 40.28NOK 40.752
Nov ’23NOK 38.30
NOK 52.92
+38.2%
12.6%NOK 59.90NOK 43.94NOK 39.253

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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